Shelton Capital Management Trims Position in Curtiss-Wright Co. (NYSE:CW)

Shelton Capital Management lessened its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 4.9% during the fourth quarter, HoldingsChannel reports. The firm owned 1,445 shares of the aerospace company’s stock after selling 75 shares during the quarter. Shelton Capital Management’s holdings in Curtiss-Wright were worth $513,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Atomi Financial Group Inc. purchased a new position in shares of Curtiss-Wright in the 4th quarter worth $239,000. Truist Financial Corp raised its position in shares of Curtiss-Wright by 6.2% in the 4th quarter. Truist Financial Corp now owns 14,230 shares of the aerospace company’s stock worth $5,050,000 after buying an additional 825 shares during the period. Athena Investment Management purchased a new position in shares of Curtiss-Wright in the 4th quarter worth $302,000. Daiwa Securities Group Inc. raised its position in shares of Curtiss-Wright by 1,694.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 11,863 shares of the aerospace company’s stock worth $4,210,000 after buying an additional 11,202 shares during the period. Finally, MML Investors Services LLC raised its position in Curtiss-Wright by 21.8% in the third quarter. MML Investors Services LLC now owns 9,786 shares of the aerospace company’s stock valued at $3,217,000 after purchasing an additional 1,754 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Up 10.3 %

Shares of Curtiss-Wright stock opened at $322.97 on Thursday. The business has a 50-day moving average of $323.37 and a 200-day moving average of $345.86. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. The company has a market capitalization of $12.16 billion, a PE ratio of 30.61, a P/E/G ratio of 2.48 and a beta of 1.03. Curtiss-Wright Co. has a 1-year low of $246.43 and a 1-year high of $393.40.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. As a group, equities analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be paid a $0.21 dividend. The ex-dividend date is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.26%. Curtiss-Wright’s dividend payout ratio (DPR) is 7.96%.

Insider Buying and Selling

In other Curtiss-Wright news, VP John C. Watts sold 622 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total value of $215,865.10. Following the completion of the transaction, the vice president now directly owns 5,072 shares in the company, valued at $1,760,237.60. The trade was a 10.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul J. Ferdenzi sold 658 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.68, for a total value of $214,297.44. Following the completion of the transaction, the insider now owns 19,239 shares of the company’s stock, valued at approximately $6,265,757.52. The trade was a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,797 shares of company stock worth $7,436,255. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on CW shares. Truist Financial raised their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Citigroup started coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective on the stock. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $386.86.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.